Business

05 February 2009 [11:48]

Ukrainian ambassador to Azerbaijan: "Official Kiev is not against implementation of Nabucco project"

"Ukraine supports the Nabucco project and will take Azerbaijan's position in this issue into account", said Ukrainian ambassador to Azerbaijan Boris Klimchuk.
04 February 2009 [18:22]

Director of Nabucco project Reinhard Mitchek: "Implementation of Nabucco project is impossible without Turkey"

"Nabucco needs Turkey and this country is in Nabucco", said chief executive of the Nabucco project Reinhard Mitchek, according to Turkish ANKA news agency.
04 February 2009 [18:08]

Entrepreneurs of Erzurum oblast of Turkey intend to develop ties with Azerbaijan, Georgia and Iran

Great importance will be attached to the establishment of external ties for economic development of the Erzurum oblast (Turkey).
04 February 2009 [14:13]

Milli Medjlis deputy: "Azerbaijan should hold a "secret" analysis and compile a list of companies in need of state support"

Azerbaijan should hold "hidden" analysis and compile a list of companies in need of state support, said Ali Masimli, deputy and member of the standing parliamentary commission on economic policy speaking about the proposals on nationalization of large companies.
04 February 2009 [13:23]

Azerbaijan Tariff Council: "Information about rise in fuel prices is unfounded"

The Tariff Council of Azerbaijan does not consider issue about rise in fuel prices.
04 February 2009 [11:40]

Turkish expert: "Azerbaijan is currently the only gas supplier for Nabucco"

Expert of the International energy agency and organization for economic cooperation and development Mehmeh Ogutchu is skeptical about the implementation of the Nabucco gas pipeline.
03 February 2009 [11:15]

Mobile prices to be cut in Azerbaijan

02 February 2009 [18:47]

Azerbaijani companies partake in international footwear fair in Turkey

The seventh international GAPSHOES fair opened in Gaziantepe (Turkey).
02 February 2009 [18:41]

President of Azerbaijan to attend tenth OCE summit in Tehran

President of Iran Mahmud Ahmadinejad invited the Turkish President to attend the tenth summit of the Organization for Economic Cooperation to be held in Tehran on March 11 of this year.
02 February 2009 [18:26]

Baku-Istanbul round trip fare drops

Turkish Airlines has cut air ticket prices for Baku-Istanbul-Baku flights by 14%.
02 February 2009 [17:33]

Turkey gets $1.3 bln from transportation of Azerbaijani oil in 2008

In 2008 Ceyhan port launched 245,000,000 barrels of Azerbaijani oil out of 313,000,000.
02 February 2009 [16:24]

President of Azerbaijan: "Azerbaijan will need Nabucco in the future"

Azerbaijan is interested in the Nabucco project but considers that large financial means should be found for its implementation, said country's president Ilham Aliyev.
31 January 2009 [12:36]

President of Azerbaijan participates in forum on business interaction group on Azerbaijan in Davos

President of Azerbaijan Ilham Aliyev has participated in a forum on Business Interaction Group on Azerbaijan in Davos.
31 January 2009 [12:10]

President of Azerbaijan: "I can tell you that even with an oil price of $40 or $45 a barrel, which we have today, our economy will successfully function and our economy will be able to tolerate this level of price"

Azerbaijan's explosive economic growth will slow this year to 10 percent as the Caspian oil producer seeks to stabilise crude prices with oil output cuts, Azeri President Ilham Aliyev told Reuters.
30 January 2009 [18:50]

Baku-Kars air flights to resume

Air flights by the Baku-Kars route will resume in late April, said consul general of Azerbaijan to Kars Hasan Sultanoghlu, reports the Turkish Anadolu news agency.
30 January 2009 [15:43]

President of Azerbaijan invited to 13th Petersburg international economic forum

President of Azerbaijan Ilham Aliyev will be invited to Saint Petersburg for the 13th Petersburg international economic forum to be held on June 4-6 of this year, report sources from the steering committee of the forum, according to Novosti-Azeraijan.
30 January 2009 [10:27]

President of Azerbaijan attends special session on "Oil and gas geopolitics - a map in transition" in the framework of Davos economic forum

President Ilham Aliyev attended a special session on "Oil and gas geopolitics – a map in transition" held at the Morosani Schweizerhof hotel on January 29.
29 January 2009 [11:59]

National Bank of Azerbaijan to reduce discount reduce to 5%

The National bank of Azerbaijan will reduce discount rate from 8 to 5% from February 2 of this year, said the press service for the National Bank of Azerbaijan.
29 January 2009 [10:44]

SOCAR president discusses prospects of cooperation in oil and gas sector with the Iranian delegation

SOCAR president Rovnag Abdullayev received a delegation of Iranian NICO headed by its leader Mohamed Cavad Asemipur on January 28.
27 January 2009 [16:40]

Ilham Shaban: "The Nabucco project has no concept"

The Nabucco project has no concept, said Ilham Shaban, head of the Center of Oil Studies, according to Novosti-Azerbaijan.
27 January 2009 [12:37]

Azerbaijan planning to launch gas supplies to Bulgaria

Bulgaria will receive gas from Azerbaijan.
26 January 2009 [10:58]

Turkish Minister of Energy and Natural Resources to attend discussions of Nabucco project in Budapest

Turkish Minister of Energy and Natural Resources Hilmi Guler will leave for the Hungarian capital Budapest to discuss project of Nabucco gas pipeline, reports Day.Az with reference to Turkish Cihan.
26 January 2009 [10:13]

Le Figaro newspaper: "Turkey can settle the gas crisis in Europe by means of Azerbaijani, Turkmen and even Iranian gas"

Popular newspaper of French Le Figaro contains an article about strategic role of Turkey in Europe.
24 January 2009 [12:26]

Over 89,000 passenger cars imported to Azerbaijan in 2008

Last year Azerbaijan imported 89,044 passenger cars, which is 25.4% growth over 2007, said sources in the State Statistical Committee.
24 January 2009 [10:55]

Azerbaijani legislation in the statistical sphere to be brought in compliance with European standards

The State Statistical Committee of Azerbaijan continues talks with EU on twinning project estimated at EUR 900,000, said chairman of the State Statistical Committee of the country Arif Veliyev at a press conference today.
23 January 2009 [17:13]

Confederation of Azerbaijani Entrepreneurs launching new project in the sphere of social dialogue

The National Confederation of Entrepreneurs (employers) of Azerbaijan has launched implementation of the project "Cooperation in the sphere of social dialogue".
23 January 2009 [16:48]

Azerbaijan and Georgia among main egg importers from Turkey

The association of egg companies of Turkey raised export of production by 75% up to $120,000,000 in 2008.
23 January 2009 [16:17]

Fizuli Alekperov: "If we implement infrastructural projects in regions and villages, definite part of population will return to their native villages"

"In Azerbaijan a woman gives birth to 3.2 children", said Minister of Labor and Social Protection of the population Fizuli Alekperov.
23 January 2009 [15:19]

10,000,000 cubic meters of gas used from gas reserves of Azerbaijan every day

In 2008 Azerigaz received 11,205,000,000 cubic meters from the State Oil Company of Azerbaijan, said head of Azerigaz Alikhan Melikov at a press conference.
23 January 2009 [14:11]

Azerbaijan may see deflation in 2009

23 January 2009 [13:31]

Cost and rent of nonresidential areas drop in price in Baku again

The public association of Real estate market participants drew conclusions of the monitoring of the state of the market of nonresidential areas of the Azerbaijani capital in December of 2008.
22 January 2009 [12:17]

Fizuli Alekperov: "Our compatriots, who return from Russia, will not stay jobless in our country"

The decision of the Russian government to ban attraction of foreigners to retail trade will influence on our citizens, if there are engaged in labor activity, contradicting to these rules, said Minister of Labor and Social Protection of the Population of Azerbaijan Fizuli Alekperov.
22 January 2009 [11:24]

Azerbaijani and Kazakh delegations discuss oil transportation by Caspian Sea in London

"London hosted a meeting of the participants of the project of "Caspian shipping", supported by the British government, said sources in the Azerbaijani embassy to Great Britain.
22 January 2009 [10:53]

Land drops in price from almost $500,000 to $360,000 in Baku

The Public Association "Estate Market Participants" has drawn results of the monitoring on the state of lands in the capital of Azerbaijan in December of 2008.
22 January 2009 [10:38]

Rovnag Abdullayev: "The gas crisis between Russia, Ukraine and Europe, raised Azerbaijan's significance"

"Though SOCAR revenues dropped due to the drop in oil prices, no changes are expected in internal investment projects and social programs, said SOCAR president Rovnag Abdullayev, according to AzTV.
22 January 2009 [10:29]

SOCAR puts off purchase of Tekfen Inshaat till September of 2009

Turkish Tekfen Holding announced that the conclusion of a deal of SOCAR's purchase of 50% stocks in its daughter affiliate - Tekfen Inshaat construction, has been put off.
21 January 2009 [15:21]

One more petrol station under SOCAR brand opens in Georgia

One more petrol station under SOCAR brand opened in Dmanisi region of Georgia on January 19.
21 January 2009 [13:56]

President of Azerbaijan to attend Nabucco summit in Budapest

A summit on Nabucco project will be held in Budapest on January 26-27, said Azerbaijani Foreign Minister Elmar Mamedyarov.
21 January 2009 [13:14]

Azerbaijan, Iran sign document on cooperation in motor transport

Memorandum of mutual understanding on cooperation in the sphere of motor transport was signed at the session of the Azerbaijani-Iranian commission on motor transport on January 20.
21 January 2009 [11:04]

Delegation of Azerbaijan attends international exhibition "Green Week" in Germany

A delegation of Azerbaijan is attending the international agroindustrial exhibition "Green Week" in Germany.
21 January 2009 [10:09]

Secondary real estate market prices drop to 2007 level in Baku

The public association of Real Estate Market Participants has drawn conclusions of the monitoring of the state of secondary estate market of Azerbaijani capital through December of 2008.
19 January 2009 [18:45]

Azerbaijan sees inflation at 21% in 2008

Consumer Prices Index increased 20.8% in Azerbaijan during 2008, said the State Statistical Committee.
19 January 2009 [13:26]

Azerbaijan exports goods of total of $47 bln through 11 months of 2008

In January-November of 2008 Azerbaijan conducted import-export operations with 139 countries of a total of $53.5 bln, said sources in the State Statistical Committee.
16 January 2009 [16:57]

Economic Research Center says annual inflation was 15.4% in Azerbaijan in 2008

Annual inflation reached 15.41 percent in Azerbaijan during 2008, said according to the Economic Research Center’s report based on the Alternative Inflation Methodology Development Project.
16 January 2009 [15:20]

Mutual trade turnover between Azerbaijan and Ukraine nears $1 bln

The mutual trade turnover between Azerbaijan and Ukraine made about $1 bln last year, said Ukrainian ambassador to Azerbaijan Boris Klimchuk, according to Novosti-Azerbaijan.
16 January 2009 [14:04]

Azerbaijan might raise volumes of fuel oil supplies to Ukraine

Volumes of fuel oil supply from Azerbaijan to Ukraine may grow in 2009, said Ukrainian ambassador to Azerbaijan Boris Klimchuk at a press conference on Friday.
16 January 2009 [12:01]

Inglab Ahmedov: "The fact that oil price is fixed on the level of $70 in the budget of this year does not mean that the budget will have great losses"

The fact that oil price is fixed on the level of $70 in the budget of this year, does not mean that the budget will have great losses, said famous economic Inglab Ahmedov.
16 January 2009 [11:22]

Igbal Aghazade: "Global economic crisis has affected the construction and banking sectors of Azerbaijan"

"The first stage of manifestation of the global economic crisis was observed in the leading economic sphere of Azerbaijan - oil sector", said chairman of the Umid party Igbal Aghazade.
16 January 2009 [10:03]

Alexander Prokhanov: "There are proposals to transport Azerbaijani and Kazakh gas to Europe but before their execution Europe may freeze from cold"

Famous Russian political figure Alexander Prokhanov in the interview to Turkish news agency Cihan announced that the gas crisis between Ukraine and Russia fixes the completion of Gazprom's epoch, reports Day.Az with reference to Turkish Cihan news agency.
15 January 2009 [15:10]

Azerbaijan may readjust state budget oil revenue estimate

Azerbaijan may readjust the 2009 state budget oil revenue estimate in the first half of this year, said Vahid Ahmadov, member of a parliamentary commission for economic policy.
15 January 2009 [11:28]

Estonian President: "Azerbaijan plays an important role in energy supply of Europe"

President of Estonia Toomas Hendrik Ilves who is on an official visit in Azerbaijan on January 14 met the Azerbaijani Minister of Industry and Energy Natig Aliyev.
14 January 2009 [18:56]

Azerbaijan ranking 99th for the level of economic freedom

Azerbaijan's economic freedom score is 58, making its economy the 99th freest in the 2009 Index.
14 January 2009 [14:00]

Azerbaijan to take part in several international tourism exhibitions

In January-February of this year Azerbaijan will take part in several international tourism exhibitions in order to propagandize tourism, said the press service for the Azerbaijani Ministry of Culture and Tourism.
13 January 2009 [18:48]

Azerbaijani vessel again studying shelf near Turkmenistan's shore

The vessel of Casmornefteflot of the State Oil Company of Azerbaijan Zohrab Veliyev, dealing with engineering and geological survey has again been sent to the Turkmenistan sea shore.
13 January 2009 [14:45]

NBA monetary reserves top $6 bln

13 January 2009 [11:39]

IAEA might make decision on construction of nuclear research reactor in Azerbaijan

IAEA might adopt a decision on construction of nuclear research reactor in Azerbaijan and results will come out after talks, said Azerbaijani ambassador to OSCE Fuad Ismaylov, accredited in IAEA, reports Day.Az with reference to AzTV channel.
12 January 2009 [18:01]

New WB regional director on South Caucasus appointed

The World Bank has appointed a new regional director on the South Caucasus countries Asad Alam.
12 January 2009 [13:55]

Freedom House: "Former Soviet Republics have been making steps behind for decades"

The international NGO Freedom House prepared a report "World freedom" of 2008.
12 January 2009 [12:56]

Mass dismissals in Azerbaijan connected with global financial crisis

Mass dismissals in Azerbaijan are connected with global financial crisis, said chairman of the Confederation of Trade Unions of Azerbaijan Sattar Mehbaliyev, according to Novosti-Azerbaijan.